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SK Hynix's Solidigm selects Goldman and Morgan Stanley for IPO, Bloomberg says. Oct. 7, 2026, 05:45 PM SK Hynix's (SKHY) flash memory unit Solidigm has selected Goldman Sachs (GS) and Morgan Stanley (MS) to work on its IPO that could raise about $10B, Bloomberg's Bailey Lipschultz and Ian King report, citing people familiar with the matter. JPMorgan Chase (JPM), Citi (C), and UBS (UBS) are also tapped on the IPO, Bloomberg reported. The listing could take place as soon as next year and value Solidigm at as much as $100B, the report states. Published first on TheFly - the ultimate source for real-time, market-moving breaking financial news. Try Now>> Read More on SKHY:

SK Hynix's u.s.-based Solidigm unit reportedly weighs IPO - offering expected next year at A valuation near $150B. Published: Sep 26 2026, 12:00 AM IST * FB * TW * Linkdin * Whatsapp * GNFollow Us According to Reuters, SK Hynix's California-based Solidigm unit could raise about $15 billion through its IPO, as early as next year. * Solidigm was created after SK Hynix acquired Intel Corp.'s NAND flash memory and storage operations. * SK Hynix paid $8.8 billion for Solidigm, completing the acquisition in March 2025. * Solidigm targets data-center and AI storage workloads with enterprise solid-state drives offering capacities of up to 122.88 terabytes. SK Hynix Inc. (SKHY) is reportedly considering an initial public offering (IPO) of its U.S.-based Solidigm unit as early as next year. The issue could value the storage-chip business at up to $150 billion, Reuters reported Friday, citing people familiar with the matter. Solidigm could raise about $15 billion through the offering. According to the report, at the top end of the potential valuation range, the listing would rank among the largest semiconductor IPOs on record, giving the NAND and enterprise storage business a standalone public-market valuation. The potential deal remains at an early stage, and its size and timing could change depending on market conditions, Reuters reported. What does Solidigm do? Solidigm was created after SK Hynix (SKHY) acquired Intel Corp.'s (INTC) NAND flash memory and storage operations. SK Hynix's U.S. prospectus showed that it paid $6.6 billion in December 2021 and another $2.2 billion in March 2025 to complete the $8.8 billion transaction. The South Korean memory giant established Solidigm as a U.S. subsidiary to operate the acquired business. The company focuses on NAND flash memory solutions, particularly high-end enterprise solid-state drives (SSDs), using technologies including quad-level cell NAND. Solidigm markets its D5-P5336 data-center solid-state drive (SSD) with capacities of up to 122.88 terabytes. In practical terms, the high-capacity drive lets data centers store large amounts of information on fewer drives, making it well-suited to AI, machine learning, and other workloads that require companies to process and retain enormous datasets. Could be the largest semiconductor listing ever. A valuation of up to $150 billion would put Solidigm well above several recent semiconductor IPOs. Arm Holdings debuted in 2023 at a valuation of about $54 billion, while Cerebras Systems entered the public market in 2026 at a fully diluted valuation of roughly $56 billion. The broader NAND market puts Solidigm and SK Hynix against Samsung Electronics, Kioxia, Micron Technology Inc. (MU) and SanDisk Corp. (SNDK), which SK Hynix identifies as its major NAND competitors. A bigger US footprint? The IPO deliberations come as Solidigm also considers expanding its manufacturing footprint in the U.S. Reuters reported last week that the company is weighing a U.S. NAND flash memory factory, with upstate New York among the potential locations. Such a plant could reduce its reliance on its existing manufacturing operation in Dalian, China, although SK Hynix said it had not confirmed any specific plan. A potential Solidigm listing would also follow SK Hynix's own U.S. market debut earlier this year. The key next step is whether SK Hynix moves from considering a Solidigm listing to formally pursuing an offering, including determining the size, timing and valuation. Also read: Cybersecurity Stocks Pare Early-Week Gains - Analysts See AI Security Demand Building, But Valuations Raise The Bar For updates and corrections, email newsroom[at]stocktwits[dot]com< Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business. 0 Comments / 0 New

Exclusive-SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say. 26 Sep 2026 12:48AM (Updated: 26 Sep 2026 12:50AM) Add CNA as a trusted source to help Google better understand and surface our content in search results. NEW YORK, Sept 25: Chipmaker SK Hynix's Solidigm is considering an initial public offering as early as next year that could value the US subsidiary at up to $150 billion, according to three people familiar with the matter. Solidigm held pitch meetings this week with investment banks competing for roles on the IPO, in a process known as a "bake-off," one of the people and a fourth person said, marking a concrete step toward what could become the largest-ever US semiconductor listing. The company could raise $15 billion in the IPO, the three people said, speaking on condition of anonymity to discuss confidential matters. The plans, including the size of deal and timing, remain at an early stage and could change depending on market conditions, they added. The listing would rank as one of the largest semiconductor IPOs on record and could provide a standalone valuation for a business that has become a key part of SK Hynix's storage portfolio. It would also seek to tap strong investor demand for companies tied to artificial intelligence infrastructure, which has fuelled gains in semiconductor and hardware stocks. Solidigm, based in Rancho Cordova, California, is the US-based NAND flash memory and solid-state drive (SSD) subsidiary of South Korea's SK Hynix Inc. Solidigm declined to comment. SK Hynix did not immediately respond to a request for comment. BOOSTING COMPETITIVENESS SK Hynix acquired Intel Corp's NAND memory and SSD business for about $9 billion in a deal announced in 2020, combining those operations with Solidigm, which was launched as a standalone subsidiary in 2021. At the time, the company said the acquisition would strengthen its NAND flash and enterprise SSD businesses and expand its position in the global memory market. Solidigm supplies enterprise SSDs used in servers, cloud infrastructure and data centers. The company has sought to differentiate itself through high-capacity storage products designed for AI applications, where growing volumes of data require increasingly sophisticated storage solutions. Reuters reported earlier this month that Solidigm is considering building a NAND flash memory chip factory in the US, with upstate New York emerging as a leading candidate, as part of efforts to expand manufacturing capacity. Last month, SK Hynix said it was considering measures to boost Solidigm's competitiveness after media reports that the unit was exploring a pre-IPO fundraising round of about 5 trillion won ($3.6 billion). A valuation of up to $150 billion would far exceed recent semiconductor IPOs, including Arm Holdings' roughly $54 billion valuation at its 2023 debut and Cerebras Systems' approximately $56 billion fully diluted valuation in its 2026 IPO.